American Century Companies Inc. Has $10.28 Million Stock Position in HighPeak Energy, Inc. $HPK

Key Points

• American Century Companies Inc. increased its holding in HighPeak Energy, acquiring an additional 98,084 shares, raising its stake by 13.7% to a total of 812,144 shares valued at approximately $10.3 million.
• HighPeak Energy has experienced a stock price decline of 2.4%, with shares currently trading at $7.42 after reporting lower-than-expected earnings and revenue.
• Wall Street analysts have downgraded HighPeak Energy from a "hold" to a "sell" rating, setting a consensus price target of $11.50 for its stock.

American Century Companies Inc. raised its position in HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) by 13.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 812,144 shares of the company's stock after purchasing an additional 98,084 shares during the quarter. American Century Companies Inc. owned approximately 0.64% of HighPeak Energy worth $10,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in HighPeak Energy by 5.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,829 shares of the company's stock valued at $438,000 after purchasing an additional 1,608 shares in the last quarter. GSA Capital Partners LLP grew its stake in HighPeak Energy by 42.3% in the first quarter. GSA Capital Partners LLP now owns 167,864 shares of the company's stock valued at $2,125,000 after purchasing an additional 49,867 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of HighPeak Energy by 30.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 51,442 shares of the company's stock worth $756,000 after buying an additional 11,870 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of HighPeak Energy by 32.2% in the fourth quarter. Two Sigma Investments LP now owns 58,877 shares of the company's stock worth $865,000 after buying an additional 14,329 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of HighPeak Energy by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 58,251 shares of the company's stock worth $856,000 after buying an additional 3,191 shares during the last quarter. Hedge funds and other institutional investors own 24.13% of the company's stock.

HighPeak Energy Stock Performance

Shares of NASDAQ HPK traded down $0.06 during trading hours on Friday, hitting $7.70. 366,799 shares of the company's stock were exchanged, compared to its average volume of 608,126. HighPeak Energy, Inc. has a 1-year low of $7.00 and a 1-year high of $16.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.87 and a quick ratio of 0.82. The stock has a market capitalization of $971.20 million, a price-to-earnings ratio of 9.46 and a beta of 1.06. The company's 50-day moving average price is $8.97 and its 200-day moving average price is $10.24.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). HighPeak Energy had a return on equity of 7.10% and a net margin of 12.59%.The business had revenue of $200.40 million for the quarter, compared to analyst estimates of $210.87 million. During the same period in the prior year, the firm posted $0.28 EPS. HighPeak Energy's revenue for the quarter was down 27.2% on a year-over-year basis. On average, sell-side analysts expect that HighPeak Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

HighPeak Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 2nd. HighPeak Energy's payout ratio is currently 18.60%.

Analyst Ratings Changes

Separately, Wall Street Zen cut HighPeak Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, HighPeak Energy currently has a consensus rating of "Reduce" and a consensus price target of $11.50.

HighPeak Energy Profile

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.